WAM
14 Apr 2025, 16:29 GMT+10
BRUSSELS, 14th April, 2025 (WAM) -- The European Union recorded a significant decline in rare earth imports in 2024, reaching 12,900 tonnes, a decrease of 29.3 percent compared to the previous year.
According to Eurostat, the EU's exports of rare earth elements saw a slight decline of only 0.8 percent, totalling 5,500 tonnes.
Rare earth elements, comprising 17 specialised minerals, are essential for a wide range of high-tech applications and carry significant supply chain risks.
In 2024, China became the EU's largest supplier of rare earth imports, accounting for 6,000 tonnes or 46.3 percent of the total, followed by Russia with 3,700 tonnes or 28.4 percent.
Get a daily dose of Switzerland Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Switzerland Times.
More InformationDUBLIN, Ireland: With tariffs from the United States beginning to bite, Irish businesses are already feeling the pressure, prompting...
HAMBURG, Germany: Airbus is looking to expand in-flight connectivity options through a new satellite partnership with Amazon, as the...
ATHENS, Greece: As Europe braces for the economic fallout of new U.S. tariffs, a top eurozone official has warned the consequences...
BRUSSELS, 14th April, 2025 (WAM) -- The European Union recorded a significant decline in rare earth imports in 2024, reaching 12,900...
Mumbai (Maharashtra) [India], April 14 (ANI): Volkswagen India has officially launched the highly anticipated all-new Tiguan R-Line,...
An aerial drone photo shows a view of the Tangshan Port in north China's Hebei Province, Jan. 13, 2025. (Photo by Liu Mancang/Xinhua)BEIJING,...
WASHINGTON, D.C.: President Donald Trump, who had often complained about weak water pressure in showers, has signed an order to remove...
NEW DELHI, India: Apple has ramped up shipments of iPhones from India to the United States, chartering aircraft to move hundreds of...
WASHINGTON, D.C.: The U.S. Commerce Department during the week ended about US$4 million in funding to Princeton University for assessing...
HONG KONG: A Hong Kong social worker has been handed a prison sentence of nearly four years after a retrial linked to the 2019 pro-democracy...
LONDON, UK: The United States has pulled out of international talks in London about reducing pollution from ships. These talks are...
WASHINGTON, D.C.: The U.S. government warned this week that Chinese spies are using trickery to try to hire current and former U.S....